How to Become a Professional Accountant?
What does an Accountant do? He is the one who prepares and submits financial statements and financial reports to the financial reporting authorities. The accountant usually has a bachelor’s degree and is employed by a firm, as an accountants assistant, or as a full-time independent professional. There are also many accountants who do public accounting work, in private firms or organizations, and as self-employed professionals. Accountants are in high demand everywhere. They have the essential skills of preparing and submitting financial reports, budgeting, financial mathematics, management information systems, information technology, tax preparation and accounting, and much more.
In America, the accountants’ market is expanding very fast because there is an enormous need for this kind of work in the economy. In addition, there are also increasing numbers of people desiring to become accountants due to the expansion of the financial data processing industries and the need of accountants for their services. This is also one of the few professions that is consistently growing in both salary and market area. These are some of the important labor statistics for accountants that show how the profession is growing in the United States.
In Canada, the accountant and the auditor are almost same thing; however, they are not regulated by the internal auditors’ board of directors in the same way as in the United States. In Canada, the accountant is generally called an “asset manager” while the auditor is generally called the ” prudence officer”. The accountant in Canada can be self-employed or he may work for a firm as an independent consultant. On the other hand, an American accountant or the auditor can be a member of an organization such as the Institute of Chartered Accountants of Canada or the National Institute of Professional Accountants. The profession in Canada is now becoming a lucrative career opportunity for accountants and there are a great number of candidates for the post.
After you have completed your bachelor’s degree, you will need to find a suitable accounting school and enroll to pursue your degree. There are many educational institutions that offer programs in accountancy; however, you should select an institute that has earned accreditation status from one of the six main accounting bodies in the world. The six body organizations are the American Society of Business Appraisers, the Financial Accounting and Reporting Association, the Association of Chartered Accountants, the National Association of Information Technology Professionals, the National Accountants Association, and the American Institute of Certified Public Accountants. The main article of these associations is “Accountants are Professionals dedicated to providing information to decision makers about the financial environment of businesses and the assurance of compliance with applicable laws.” So it is obvious that an accountants knowledge and skills are very much needed when applying for any of these six organizations.
Apart from getting education and training from the accounting schools and colleges, the candidates also need to complete an exam known as the CPA exam test. This exam is specifically designed and developed for the candidates belonging to the business area. In order to pass this exam, candidates should have a good knowledge and experience in accounting, money management, and auditing. After this, the candidate will be able to become a certified public accountant or CPA.
In the United States of America, there are various professional organizations that offer courses and other programs related to the field of accounting. These organizations will help young as well as the experienced accountants to enhance their knowledge about the profession and enhance career opportunities. Therefore, if you are interested to become an accountant, just log on to the Internet and find out a suitable program that suits you. Remember, with increased competition in the field of accountancy, choosing the right course is important for making a career in this field. So, always remember to do some research before enrolling yourself in any such organization.